Business Analytics Using Forecasting
National Tsing Hua University
  • Start Date: 01 Apr, 2019
  • 6 weeks
  • Study Content: Videos


Learn a scientific and practical approach for creating and evaluating forecasting solutions.

Course Fee: Free
Certificate Cost: See Fees and Eligibility

Introduction

Introduction Video

Course Description

This course is made available through the eLearnAfrica and FutureLearn partnership.

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Companies, governments and other organizations now collect and analyze huge amounts of data about suppliers, clients, employees, citizens, transactions, and much more. There are a number of ways organizations can use this data. Business analytics uses this data to make better decisions and forecasting is an arm of this predictive analytics. Forecasting especially can provide a powerful toolkit for analyzing time series data.


Learn about forecasting in a wider context


Quantitative forecasting uses statistical and data mining methods to generating numerical forecasts, an important component of decision making across many business functions, including economic forecasting, workload projections, sales forecasts, and power and transportation demand. Today’s big data forecasting can include forecasting many series on a frequent basis, such as daily demand of thousands of products at retail chains, hourly statistics of wind turbines, minute-by-minute web traffic, and call volume to call centers.


Forecasting can also be combined with statistical monitoring methods for purposes of anomaly detection – for example, public health organizations collect and monitor clinical and other data for detecting disease outbreaks. Forecasting is also often combined with simulation for purposes of scenario building. On this course we’ll have a look at some of these uses in more depth as well as examining the processes that these different industries use.


Understand the forecasting process


This course focuses on forecasting time series, where past and present values are used to forecast future values of a series of interest. The course covers issues relating to different steps of the forecasting process, from goal definition, through data visualization, modeling, and performance evaluation to model deployment.


In this course you will:


  • Learn how to define a forecasting task and workflow

  • Understand how to evaluate forecasting performance

  • Apply and be familiar with popular forecasting methods

  • Explore, identify and model different types of patterns in time series

  • Be able to implement a forecasting process in practice

  • Familiarity with basic statistical methods including linear regression.

  • Basic knowledge of Excel and R software.

  • This course is provided through eLearnAfrica’s partnership with FutureLearn.

    Please note that, should you choose to purchase a Certificate of Achievement or a Statement of Participation, you will be re-directed to the FutureLearn for processing.

    The following information is from the Future Learn website:

    What is a Certificate of Achievement?

    A Certificate of Achievement is a valuable certificate to prove what you’ve learned on your course.

    Your Certificate will include your name; an outline of what you’ve learned and how long it took; the logos of the university and other organisations associated with your course. Your printed certificate will also include the lead educator’s signature.

    In addition to the digital and printed certificate, you will receive a detailed transcript of what you’ve learned, how long it took and your average test score (if your course contained tests).

    You can view our page about Certificates of Achievement to see what they look like.

    How do I qualify for a Certificate of Achievement?

    To be eligible to buy a Certificate of Achievement, you must:

    • complete 90% of the steps in a course (by using the “Mark as complete” button on each step),
    • attempt every test question in the course,
    • score over 70% on average across all course tests.

    How do I buy a Certificate of Achievement?

    If you’re taking a course, we’ll email you details of how to buy a Certificate of Achievement, once you’re eligible for one.

    How much does a Certificate of Achievement cost?

    The cost of the Certificate of Achievement varies depending on the course. They normally cost from £39.00 (GBP) to £59.00 (GBP) + shipping. The price shown includes a digital and printed certificate and transcript, and VAT or local sales tax. The exact price for your course will be shown within the course itself.

    What if I don’t qualify to buy a Certificate of Achievement?

    If you don’t qualify to buy a Certificate of Achievement because your test score does not meet the 70% pass threshold, you have a couple of options. You will still be able to purchase a Statement of Participation for the course, or you could join a later run of the course. Unfortunately it is not possible to retake tests in FutureLearn courses. 

    What is a Statement of Participation?

    A Statement of Participation is a collectable printed and digital record that you can buy, to show that you’ve taken part in a FutureLearn course. Statements are available for the vast majority of FutureLearn courses in both digital and printed formats. You can view our page about Statements of Participation to see what they look like.

    Your Statement will include your name; a short summary of the course and how long it took; the logo of the university and other organisations associated with your course. In addition, your printed certificate will also include the lead educator’s signature.

    Your Statement will confirm that you’ve completed the majority of steps in a course and attempted all test questions, but it will not show your individual level of completion or your test scores.

    How do I qualify for a Statement of Participation?

    To be eligible to buy a Statement of Participation, you must complete over half of the steps in a course (by using the “Mark as complete” button on each step) and attempt all test questions.

    How do I buy a Statement of Participation?

    If you’re taking a course, we’ll email you details of how to buy a Statement of Participation, once you’re eligible for one.

    To be eligible, you must complete the majority of steps in the course and attempt all test questions. You can check how close you are to being eligible on your course progress page.

    How much does a Statement of Participation cost?

    The cost of a Statement of Participation varies depending on the course. They cost from at £19.00 (GBP) to £34.00 (GBP) plus shipping. The price shown includes a digital and printed version, and VAT or local sales tax. The exact price for your course will be shown within the course itself.

    For more information on Fees and Eligibility, please feel free to consult the Frequently Asked Questions:

    If you do not find an answer to your question, you can also contact FutureLearn directly via email, at: feedback@futurelearn.com

    The information provided was current as of 22 September 2016. Please visit Certificates and Statements to check for changes.

    Certificate cost may vary. You will be redirected to the host page for cost and payment options.

    This course is provided through eLearnAfrica’s partnership with FutureLearn. To go directly to a specific Category of Frequently Asked Questions, please feel free to click on any of the links below (you will be redirected to the FutureLearn website):

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    If you do not find an answer to your question, you can also contact FutureLearn directly via email, at: feedback@futurelearn.com

    National Tsing Hua University

    National Tsing Hua University was established in Beijing in 1911 as Tsing Hua Academy. In 1956, National Tsing Hua University was re-established at its present location in Hsinchu, Taiwan.

    Since its relocation, NTHU has developed into a comprehensive research university offering a full range of degree programs in science, technology, engineering, humanities, social sciences, and management. NTHU consistently ranks as one of the premier universities in East Asia, and is widely recognized as a leading incubator for future leaders.

    Our outstanding alumni highlight the success of NTHU students, including Nobel Physics laureates Dr. Cheng-Ning Yang and Dr. Tsung-Dao Lee, Nobel Chemistry laureate Dr. Yuan-Tseh Lee, and Wolf Prize winner in mathematics Dr. Shiing-Shen Chern.

    NTHU has seven colleges, 17 departments and 18 independent graduate institutes: the College of Science, Engineering, Nuclear Science, Humanities and Social Sciences, Life Science, Electrical Engineering and Computer Science, and the College of Technology Management.

    The Commission for General Education supervises the university’s general education curricula. NTHU emphasizes an interdisciplinary approach. In addition to upholding basic standards, undergraduate curricula are designed to maximize flexibility as well as integration. NTHU surpasses curricula norms, transcending collegiate and departmental boundaries.

     

    This institution is available on eLearnAfrica through partnership with FutureLearn.

    You may be able to download course materials after enrolling in this course. If not, all of the necessary course materials provided by the course instructor will be available on the provider's course page.
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    Effective Date: September 22, 2016